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Legacy Iron Ore Ltd
(Sydney:LCY)
Legacy Iron Ore Ltd (LCY) vs. iShares MSCI Australia ETF (EWA)
Legacy Iron Ore Ltd Business Overview & Revenue Model
Legacy Iron Ore Ltd Financial Statement Overview
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 43.34M | 2.08M | 50.00K | 0.00 | 0.00 |
| Gross Profit | 28.75M | 2.08M | -11.16K | -82.50K | -51.75K |
| EBITDA | -19.33M | -9.53M | 2.07M | -923.10K | -636.50K |
| Net Income | -27.95M | -9.59M | 2.01M | -1.01M | -951.40K |
Balance Sheet | |||||
| Total Assets | 37.96M | 47.22M | 25.61M | 23.61M | 24.21M |
| Cash, Cash Equivalents and Short-Term Investments | 11.14M | 15.26M | 9.74M | 7.51M | 10.34M |
| Total Debt | 18.47K | 49.77K | 82.29K | 24.00K | 69.62K |
| Total Liabilities | 9.01M | 12.31M | 288.79K | 290.53K | 322.43K |
| Stockholders Equity | 28.94M | 34.90M | 25.32M | 23.32M | 23.89M |
Cash Flow | |||||
| Free Cash Flow | -25.02M | -13.50M | 579.48K | -2.33M | -2.80M |
| Operating Cash Flow | -16.60M | -9.95M | 2.01M | 82.50K | -648.49K |
| Investing Cash Flow | -15.47M | 1.83M | 3.79M | -8.30M | -1.80M |
| Financing Cash Flow | 22.18M | 16.78M | -41.24K | -45.61K | 2.94M |
Legacy Iron Ore Ltd Technical Analysis
Legacy Iron Ore Ltd Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | AU$110.77M | ― | -21.82% | ― | ― | -525.27% | |
46 Neutral | AU$84.17M | ― | -5.22% | ― | ― | ― | |
44 Neutral | AU$93.78M | ― | -141.59% | ― | 562.03% | -336.00% | |
44 Neutral | AU$1.54B | -7.28 | -22.76% | 4.37% | -3.13% | -36.41% | |
42 Neutral | AU$84.30M | ― | -87.55% | ― | 1980.88% | -128.57% | |
42 Neutral | AU$80.10M | ― | -5.92% | ― | ― | 64.00% | |
41 Neutral | AU$94.43M | ― | -5.23% | ― | ― | 54.26% |
Legacy Iron Ore Ltd Corporate Events
Legacy Iron Ore Limited’s quarterly report for June 2025 highlights significant progress in its key projects. At the South Laverton Project, the company executed five ore sales to Paddington Mill, with a total of 4,072 ounces of gold contained. Drilling at the Kangaroo Bore’s northern extensions has been completed, and assay results are under review. At the Mount Bevan Project, a mining lease application has been submitted, and various environmental and heritage surveys are advancing. These developments indicate Legacy Iron’s strategic efforts to advance its projects and strengthen its position in the mining industry.
Legacy Iron Ore Ltd’s quarterly cash flow report for the period ending June 30, 2025, reveals a net cash inflow from operating activities amounting to $392,000, despite significant expenditures in production and exploration. However, the company experienced a net cash outflow in investing activities, primarily due to investments in exploration and development assets, resulting in an overall decrease in cash and cash equivalents for the period.
Legacy Iron Ore Ltd announced that all resolutions at its 2025 Annual General Meeting were passed by poll, in line with ASX Corporate Governance Council Principles. This includes the election and re-election of directors and the approval of a 10% placement facility. The successful passing of these resolutions supports the company’s governance and operational strategies, potentially strengthening its market position and providing assurance to stakeholders.
Legacy Iron Ore Ltd has announced its Annual General Meeting (AGM) for shareholders, scheduled for 28 July 2025 at their Perth office. The company is encouraging shareholders to participate by voting via proxy forms, which can be submitted through various channels. This move to facilitate electronic access to meeting materials aligns with modern corporate governance practices, potentially enhancing shareholder engagement and operational efficiency.
Legacy Iron Ore Ltd has announced the appointment of Ben Donovan as a director, effective from June 23, 2025. Donovan holds significant interests in the company, including 1,008,012 ordinary shares as a registered holder and 571,429 ordinary shares through Elohim Nominees Pty Ltd. This appointment is likely to impact the company’s strategic direction and governance, potentially influencing its market positioning and stakeholder interests.
Legacy Iron Ore Ltd announced the cessation of Rakesh Gupta as a director, effective June 23, 2025. Gupta held 125,000 ordinary shares directly and an additional 3,928,571 shares indirectly through his spouse, Nishi Gupta. This change in directorship may influence the company’s strategic direction and stakeholder interests.
Legacy Iron Ore Limited has announced significant changes to its Board of Directors, including the resignation of CEO Rakesh Gupta, who has been instrumental in transitioning the company from exploration to gold production at the Mt Celia project. Dr. Ranajit Das, with over 30 years of mining experience, will take over as CEO on July 1, 2025, bringing expertise from his previous roles in mine planning and management. Additionally, Ben Donovan has been appointed as a Non-Executive Director, enhancing the board’s governance and financial capabilities. These changes are expected to strengthen Legacy Iron’s leadership and support its ongoing project developments.
Legacy Iron Ore Ltd has released its corporate governance statement for the financial year ending March 31, 2025, which has been approved by the board. The statement, available on their website, outlines the company’s adherence to ASX Corporate Governance Council’s principles and recommendations. This announcement reinforces Legacy Iron Ore’s commitment to transparency and accountability, potentially impacting its reputation positively among stakeholders and aligning with industry standards.